Turkey Trade Data

OVERVIEW Since its pre-historic era, Turkey is one of the main players in the market of textiles and apparel. At present, the country is also the major industry of all types of garments that are in the list of both men’s and women’s fashion. The textile market of Turkey grows annually at a rate of 12.2% annually. This particular industry of Turkey has dominated Turkey Trade Data for years and is one of the crucial operational industries of Turkey. Being one of the largest industries in the world, Turkey also exports its products to other nations to drive extra profits and revenue. The clothing industry of Turkey still shows hope of expansion as since the advent of the 20 th century, the exports from Turkey have got doubled and still showing an upward trend. Moreover, in the year 2020, Turkey was ranked in 4 th position in the list of largest textile exporters in the world and contributed almost 3.3% of total exports. If we talk about that which top countries import textiles ...

  The Apex body in the world that manages the economy of the world, better known as the International Monetary Fund, mentions that Turkey is one of the emerging markets in the world and the trade facilities to and from the country are getting better every year. Turkey is also the founder member of the OECD group (1961) and also a major player in the G20 group. According to the classifications given by the world bank, Turkey is in the group of upper-middle-income countries with regard to its GDP growth. The population of the country is merely 85.3 million as per the latest records of 2022. The HDI ranking of the country is close to 0.838 which is very amazing. Whenever we talk about the production of agricultural products, automobiles, garments, and electronics the first name comes if of Turkey as it is one of the major producers of these items. Till January 2023 everything was going smoothly, and the economy of Turkey and Turkey Trade Data was in a full spin but due to the com...